Niu Hui: Doha talks have not reached a reduction in production, the pound roller coaster market on Tuesday (February 16th), Russia and Saudi Arabia and other four countries of the Doha talks caused widespread concern in the market. Before the meeting, the oil city investors with hope of cutting production, oil prices soared 5%, but the meeting did not reach a yield reduction agreement, but announced the freezing of production in January level, cold reality made crude oil head fell, oil prices fell. British CPI data suspected leaked ahead of schedule, the pound against the U.S. dollar roller coaster market, in the short term pulled up about 100 points, then fell back, the U.S. market fell to two week low of 1.4278. Gold again rebounded slightly as market sentiment rose again. Europe announced January CPI fell by 0.8%, expected to decline by 0.7%, the former value increased by 0.1%. January CPI growth of 0.3%, the highest since January last year, expected 0.3%, the previous value of 0.2%. Importantly, the UK core CPI in January grew by 1.2%, lower than expected growth of 1.3%, the former value increased by 1.4%. After the data, sterling against the dollar fell slightly after 20 points stabilized, before the data was pulled up 100 points touched 1.4515, may be data leaked. However, as the stock market and oil prices fell, the exchange rate also fell. International crude oil Tuesday experienced " from exultation to the scene of a great ", Russia and Saudi Arabia and other countries; not announced production cuts but freeze output, which makes the crude oil market was disappointed, Brent rose as spit turned down. The oil ministers of Russia, Saudi Arabia, Qatar and Venezuela have held a press conference after the closed door meeting, announcing the freeze of production from January levels and no agreement on the reduction of production, which undoubtedly disappointed investors. Onami, Saudi Arabia’s oil minister, said that " agreed to freeze output and was at the beginning of a process for assessing the situation in the coming months, and we will consider further measures to stabilize the crude oil market. " market analysts pointed out that the European secret of this statement will undoubtedly lead to speculation in the market, the measures taken in recent days, Saudi Arabia to stabilize oil prices in the first step. According to the British Financial Times news, a Gulf state OPEC representatives said Saudi Arabia and other oil producing countries may consider reducing production and other measures to boost oil prices. In addition to the oil producing countries beyond BRIC subsequently have made Iraq oil producers are willing to freeze allegedly agreement at the level of crude oil production; Iran is willing to yield itself before sanctions freeze to discuss production matters; Azerbaijan’s energy minister said that the country has no plans to freeze oil production; Venezuela said Iran, Iraqi officials will meet in Tehran the oil minister on Wednesday. Discuss production freeze. This result disappointed the market, after investors were expecting Russia and Saudi Arabia to reach a new agreement on cutting production, which also foreshadowed the subsequent oil price crash. After the announcement, the international oil prices continue to fall, the day morning rose exhaustively taking. US crude oil fell below 30 mark to near $29 barrel. On the decline of oil price in the United States